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Verticalnet, Inc.- Supply Chain Management Company
610-240-0600
400
Chesterfield Parkway
Malvern, PA 19355
www.verticalnet.com
Sales
$9.6
million
Business Description
Verticalnet, Inc. ia a provider of Supply Management solutions to Global 2000 companies.
It
provides a full scope of Supply Management software, services, and domain
expertise in areas that include: Spend Analysis, Advanced eSourcing,
eProcurement, Contract Management, and Supplier Scorecards. The company's
solutions enable their customers to harness the power of their data to achieve lower
prices, improved contract compliance, better supplier service, and shorter
sourcing cycles. As a result, it helps its customers recognize significant
and sustainable savings in materials costs, inventory levels, and
administrative costs – resulting in improved profitability. Solutions
consist of a tailored mix of software, services, and process expertise
designed to meet the specific needs of our customers. Supply Management
encompasses the lifecycle of strategic sourcing and procurement. Solutions are bundled into four process steps of Supply Management: Supply
Strategy, Supply Selection, Supply Execution, and Supply Performance.
Verticalnet Supply Strategy
Verticalnet’s Supply Strategy solutions help companies understand their
spending across disparate locations and divisions including aggregating
spending information by supplier, location, and item. Additionally, they
provide organizations with concrete recommendations into sourcing
opportunities to drive savings, as well as the ability to track compliance
with negotiated contracts. Verticalnet Supply Strategy solutions consist of
the following three offerings:
Verticalnet Spend Analysis provides our clients with enterprise-wide
visibility into spending across multiple systems, divisions, and locations
and enables procurement organizations to quickly identify which spending
categories they should focus on to generate savings. Our Spend Analysis
solution can be delivered as a behind-the-firewall software implementation,
via an Application Service Provider (ASP) model, or as an outsourced
service, depending on our customers’ requirements.
Verticalnet Sourcing Analysis enables companies to analyze sourcing projects
to identify, evaluate, and quantify maximum opportunities to improve
sourcing effectiveness. Our software extracts, cleanses, and classifies
sourcing data from multiple disparate systems and enables procurement
professionals to analyze the data to measure key sourcing metrics including:
negotiated savings by commodity, negotiated savings by project, on-contract
versus off-contract spending, and diversity spending.
-Verticalnet Sourcing Advisory Services enable sourcing organizations to
utilize a combination of sourcing expertise and diagnostic tools to identify
process improvements and technical enhancements to generate added
organizational efficiency and alignment.
Verticalnet Supply Selection
Verticalnet Supply Selection enables companies to quickly execute iterations
of sourcing negotiation to select the best mix of suppliers — balancing
price, performance, and risk and selecting a portfolio of suppliers to
deliver the lowest cost of ownership. Verticalnet’s Supply Selection
solution consists of the following two products:
Verticalnet eSourcing – Verticalnet eSourcing is a self-service software
application that can be delivered as an ASP model, or installed at the
customer site. Key features of the solution include electronic requests for
information (RFI), requests for quote (RFQ), and requests for proposal
(RFP). An increasingly common term for this type of application is “RFX.”
Additionally, our eSourcing solution includes reverse auction functionality.
This solution enables companies to complete rapid sourcing cycles in a
fraction of the time it takes to complete manual bid processes.
Additionally, RFX and auction events can be analyzed to include both price-
and non-price-factors, ensuring an optimal solution for our customers.
Verticalnet’s consulting organization can also work with clients, when
needed, to manage these events and provide services that include supplier
discovery and qualification, market research, process management, and bid
analysis.
Verticalnet Advanced Sourcing – For large, complex categories that include
freight, packaging, printed materials, and services, Verticalnet offers its
Advanced Sourcing solution. The Advanced Sourcing solution is a mix of
services and technology tools that provides for enhanced bid collection and
bid optimization technology to award complex bids across multiple items,
shipping lanes, etc. Verticalnet’s Advanced Sourcing solution has been
tailored specifically for the largest and most complicated categories
including transportation, packaging, commercial printing, and services. For
these categories, Verticalnet’s Advanced Sourcing solution can often double
the savings versus stand-alone eSourcing tools.
Verticalnet’s Optimization technology is available with all of the Supply
Selection solutions. The Optimization solution dramatically accelerates the
analysis process, offering easy to use, yet advanced technology designed to
unlock greater value from the sourcing process through comprehensive
assessment of supplier award scenarios, what-if analysis, and bid
optimization.
Verticalnet Supply Execution
Verticalnet Supply Execution solutions are designed to streamline purchasing
processes, improve supplier collaboration, and ensure compliance with
negotiated contracts. Verticalnet Supply Execution consists of the following
four products:
Verticalnet Supply Planning provides suppliers with visibility into expected
supply requirements. Suppliers can commit to the requirements, or quickly
raise supply issues. Transparency of information improves supplier
performance and reduces inventory requirements.
Verticalnet Contract Management enables companies to create a central
repository of contracts that can be accessed online. The entire contract
lifecycle is managed, ensuring that contracts are online, available, and
renegotiated in a timely fashion — maximizing use of negotiated agreements.
Verticalnet Contract Activation enables centralized procurement
organizations to disseminate centrally negotiated contracts to decentralized
purchasing organizations or professionals. Contracts that are negotiated
centrally, or in a single division, can easily be populated into the systems
of other divisions, maximizing the use of contracts and facilitating the
sharing of favorable contracts.
Verticalnet eProcurement automates the requisitioning process for frequently
used items. Online catalogs, approval workflow, and automated order tracking
reduce the administrative costs of purchasing, reduces rogue purchasing, and
improves contract compliance.
Verticalnet Supply Performance
Verticalnet Supply Performance solutions are designed to enable companies to
measure enterprise-wide supplier performance and take corrective action
measures for under performing suppliers. The results of Supply Performance
feed the strategy process, delivering many of the non-price factors used in
Supply Strategy and Supply Selection. Verticalnet’s Supply Performance
solutions consist of the following two products:
Supplier Scorecards extract performance data from disparate systems across
the enterprise to present a single view of supplier performance that can be
analyzed to determine the root cause of supplier performance issues.
Supplier Scorecards can also be securely shared with suppliers over the
Internet, so that suppliers can proactively manage and correct performance
issues.
Supplier Corrective Action Request automates the process of documenting
supplier performance issues. Performance issues are documented and
corrective actions are initiated and tracked ensuring resolution.
Services
The company offers a full complement of consulting, technology, custom development,
training, and customer support services. Our team is committed to delivering
a quick and efficient implementation with seamless integration and a smooth
operation so that our customers can achieve their targeted return on
investment.
Consulting
Verticalnet’s and Tigris’ consulting organizations have completed hundreds
of Supply Management consulting engagements with FORTUNE 1000 companies. Consultants have particular expertise at managing large volumes of customer
data to perform spending analysis and complete strategic sourcing
engagements for large, complex purchasing categories such as packaging;
transportation; maintenance, repair and operational (MRO); services; and
printed materials.
Consultants have also performed many supply chain optimization
consulting engagements for large clients. The consulting organization
consists of approximately 42 consultants based out of the New York and
Chicago offices. Consulting personnel possess both real world experience
and strong academic backgrounds in the fields of engineering, operations
research, and computer science which enable them to deliver rigorous
data-driven approaches for solving complex sourcing problems.
Technology Services
Consulting and integration services help customers plan, implement, and
manage our software products so they achieve their business objectives. At
the heart of our technology services are straightforward methodologies and
tools that make software implementations smooth and efficient. Methodology approaches implementation in well-defined, manageable phases —
rolling out categories, suppliers and customers over discrete intervals and
targets the first actual customer transaction generally in less than 90
days.
Project teams are experienced at building and implementing private
exchanges for Global 2000 companies. Teams are also focused with clearly
defined goals, roles, and responsibilities. Customers may choose to use our
technology services exclusively, or use VerticalNet's services with their
own internal resources or in association with the company's network of systems integration and
consulting partners.
Custom Development
Verticalnet offers custom development for customers that desire to build
additional capabilities into Verticalnet’s applications. Verticalnet’s
Solution Center works with clients to define custom development requirements
and build the required functionality on top of our Collaborative Supply
Chain Foundation. Often, new capabilities developed for customers can be
built into future versions of the Verticalnet software.
Verticalnet’s software platform was built to be flexible and extensible.
Verticalnet
customers find that their complex supply chain problems can be solved by
taking advantage of the features of the platform. Verticalnet’s Solution
Center was developed to enable our customers to build out additional
functionality to meet these complex requirements. The Solution Center
approach allows Verticalnet to complete customization projects more quickly
and cost effectively than internal IT organizations or traditional custom
development firms. Additionally, the resulting custom developed applications
are fully integrated with, and built on the same data model as, the
customer’s existing Verticalnet implementation.
Training
Training services help organizations develop the knowledge and skills
required to successfully deploy, maintain, and use our products.
Participants engage in discussions, work on projects, and gain hands-on
experience using our software. We tailor our training to meet the needs of
the customer. We can deliver training in a variety of formats, including:
• Pre-designed courses
• Train-the-trainer instruction and/or
• On-site instructor-led training
Customer Support
Customer support services provide the information, tools, and assistance
that our customers need, including support representatives to respond to
service requests ranging from simple technical inquiries to mission critical
problems.
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